BRITAIN’S GUIDE

New Zealand Times, Volume LII, Issue 12039, 17 January 1925, Page 5

BRITAIN’S GUIDE

THE BALFOUR NOTE OLEMENTEL RAISES QUESTION OF INTER-ALLIED DEBTS,- / CABINET CONSIDERING. By Telegraph.—Press Assn.—Copyright. ‘ Reuter’s Telegram. (Received January 16, 10.45 p.m.) LONDON, January 15. • The- correspondence which M, detnentel and Mr Winston'Churchill exchanged at Paris has been published. It shows that toe former took the initiative, requesting Mr Churchill to define the British ideas on inter-Allied debts, as subjects,whereon France Was desirous of reaching a settlement. Mr Churchill, replying, promised to probe too matter in the Cabinet, at London, and send an- answer enabling France to present definite proposals,' 'tneanwhile repeating -that the Balfour -Note remains the dominating guide principle: At the -conclusion of to-day’e Cabinet meeting, which dealt specifically .with this - subject, it was reported tiiat - further discussion of details w,as necessary before a Note was sent to France, .and a definite pronouncement is unlikely for several weeks. :

The Balfour' Note broadly laid down the principle that- Britainidid not require more from the Allies together, than necessary to liquidate toe British debt to America.